MARKETS
Midpoint of Trump tariff hiatus to reveal increasingly unsettled world
Chinese consumer and industry data on Monday will be followed by purchasing manager indexes on Thursday from around the world
BUSINESS
Why crypto high-rollers are betting big on bodyguards
People with crypto wealth face unique physical risks because public blockchain networks like Bitcoin and Ethereum allow tokens to be transferred instantly and anonymously
BUSINESS
How Big Tech went from Wall Street's safest bet to biggest question
Despite the S&P 500 Index clawing back into the green for 2025 after being whipsawed by President Donald Trump’s vacillating trade policies, tech giants like Apple Inc., Alphabet Inc., Amazon.com Inc. and Tesla Inc. are still down.
INDIA
This defence group details how China provided support to Pakistan during India clash
China helped Pakistan reorganize its radar and air defense systems to more effectively detect India’s deployments of troops and weaponry, claimed the group
MARKETS
Charting the global economy: US, China forecasts improve on tariff truce
China’s economy is now seen expanding at least 4.6% this year from as low as 4% previously, according to new estimates
INDIA
Turkey’s Celebi says it’s cooperating after India revokes clearance
“We are closely monitoring the situation and cooperating fully with the relevant authorities,” Çelebi said in a statement.
WORLD
Trump says India offered to cut US tariffs but he’s in no rush
Trump said he also dangled the prospect of expanded trade with India’s rival Pakistan.
BUSINESS
Indian companies, consumers snub Pakistan and its allies
The Indian government had banned all imports from Pakistan in a May 2 notification, including both goods originating from and transiting through its neighbor.
WORLD
Trump expects to meet with Putin to ‘make a deal’ to end war
Earlier in the day, Trump told reporters aboard Air Force One that he “may” call Putin to get peace talks on track “as soon as we can set it up.”
WORLD
Trump says he’s willing to travel to China for Xi meeting
Despite signaling an eagerness to reach out to the Chinese leader, Trump portrayed his just-completed visit to Saudi Arabia, Qatar, and the United Arab Emirates as designed to keep the countries outside of Beijing’s sphere of influence.
AUTOMOBILE
Hyundai India to add hybrid to product range, plans 26 launches
The move puts Hyundai India in step with the local units of Toyota Motor Corp. and Suzuki Motor Corp
WORLD
Trump says US will set tariff rates for other nations in weeks
Trump said Friday that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick “will be sending letters out essentially telling people” what “they’ll be paying to do business in the United States.”
WORLD
Hamas says aid flows must resume after US-Israeli hostage freed
“Failure to achieve these steps, especially the entry of humanitarian aid to our people, will have a negative impact on any efforts to complete negotiations on the prisoner-exchange process,” the Iran-backed group said in a statement on Telegram on Thursday.
WORLD
Gold palaces, jet deals and McDonald’s: Trump at home in Middle East
As Trump returns home on his flying Oval Office, one he loves to deride as small, old and outdated, he can bask in the afterglow of his Arabian sojourn, and how he was feted.
WORLD
US-Saudi $142 billion defense deal sparks questions, few answers
The deal, announced as part of US President Donald Trump’s visit to the Middle East this week, appeared ambitious and sweeping, touting purchases linked to the air force and space, missile defense, coastal security and various other upgrades.
WORLD
Israel alarmed by Trump’s arms sales and deals with Gulf states
The deals themselves appear to be so large — $142 billion in arms to Saudi Arabia and $243 billion to Qatar, with a focus on defense — that some in Israel fear they could reduce the longstanding US guarantee of its regional military superiority, the so-called Qualitative Military Edge.
MARKETS
India is hot trade again as funds chase Trump-era winners
The NSE Nifty 50 Index surged to its highest level since October this week, fueled by optimism that India could be among the first to strike a deal with the US
BUSINESS
Asian markets rise on Fed rate cut hopes, trade truce momentum
A gauge of Asian shares rose as stocks in Australia climbed, while those in South Korea were little changed.
WORLD
Trump touts $200 billion in UAE deals in wrapping Mideast trip
“These deals will significantly expand investment in the United States and U.S. market access in the United Arab Emirates,” the White House said in a statement Thursday.
BUSINESS
Dimon says recession remains a possibility on tariff fallout
“Hopefully we’ll avoid it, but I wouldn’t take it off the table at this point,” Dimon said in a Bloomberg Television interview Thursday at JPMorgan’s annual Global Markets Conference in Paris.
MARKETS
US treasury yields fall as data support Fed-cut bets
The S&P 500 fell 0.3%. The Nasdaq 100 slid 0.5%.The Dow Jones Industrial Average dropped 0.3%
WORLD
US approves $304 million missile sale to Turkey as ties warm up
The deal, which still needs Congressional sign-off, came as Secretary of State Marco Rubio visited Turkey to attend a meeting of NATO foreign ministers on Thursday.
WORLD
Samsung to buy FläktGroup for €1.5 billion in AI sector play
FläktGroup would help bolster Samsung’s position against rivals such as LG Electronics Inc. in the heating, ventilation and air-conditioning market, which is expanding rapidly alongside the need to cool data centers during the AI development boom.
BUSINESS
India now most favored Asian stock market, BofA survey shows
India has replaced Japan as fund managers’ top Asian stock market pick, as the South Asian nation is likely to benefit from supply chain shifts.
